Gas Deal

June 17, 1985

CALGARY, ALBERTA — TransCanada Pipelines Ltd. and three U.S. customers have signed a package of long-term natural gas export contracts. The combined deals will last from 10 to 12 years and call for maximum daily shipments of 507.6 million cubic feet of gas starting Nov. 1, 1987. The price: Not given because of the complex formula used to compute cost. The company said the deals were made possible by the government's decision last year to allow ''market-sensitive'' pricing of gas. The buyers: Boundary Gas Inc., Tennessee Gas Pipeline Co. and Texas Eastern Gas Pipeline Co., all of Houston.